Air Industries Group Inc (NYSEAMERICAN:AIRI) was the recipient of a large drop in short interest in February. As of February 28th, there was short interest totalling 79,385 shares, a drop of 36.0% from the February 15th total of 123,999 shares. Based on an average daily trading volume, of 36,199 shares, the days-to-cover ratio is presently 2.2 days. Approximately 1.2% of the shares of the stock are sold short.
A hedge fund recently bought a new stake in Air Industries Group stock. Orca Investment Management LLC acquired a new stake in Air Industries Group Inc (NYSEAMERICAN:AIRI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 293,916 shares of the aerospace company’s stock, valued at approximately $497,000. Orca Investment Management LLC owned about 1.26% of Air Industries Group at the end of the most recent quarter.
Shares of Air Industries Group (NYSEAMERICAN AIRI) opened at $1.44 on Monday. The company has a market cap of $33.07, a PE ratio of -0.70 and a beta of 0.24. Air Industries Group has a 1-year low of $1.15 and a 1-year high of $4.25.
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About Air Industries Group
Air Industries Group is an aerospace and defense company. The Company manufactures and designs structural parts and assemblies that focus on flight safety, including landing gear, arresting gear, engine mounts, flight controls, throttle quadrants, jet engines and other components. The Company operates in three segments: Complex Machining, Aerostructures and Electronics and Turbine Engine Components.
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